manager - Anonymous employee The Newark Group Employee Review

great place to work. You can make a difference

Not many. Management is fair and leadership is good

Fit for the Future - During the financial crisis, 2 of the 3 largest US producers of uncoated recycled paperboard, Caraustar Industries and Newark Group, went bankrupt with the reorganized companies bought by private equity firms. In recent days, their owners agreed to merge the 2 with the healthier Caraustar acquiring Newark. Assuming the deal closes without required mill divestitures, the new Caraustar will be the largest North American producer of recycled paperboard, with a 21% capacity share.

Right now in a transition phase The Newark group has been taken over by Caraustar Industries and Newark has been losing contracts and revenue and as a result employees are being laid off. Their future is uncertain and hopefully they will be absorbed by Caraustar. but there are no guarantees. Hopefully Caraustars merger with the Newark Group will be a good thing. Wishing them both the very best in the future.